Hello,
I`ve just received a call from my property manager in Edmonton (I live in Ottawa) telling me that the woman who runs the condo board for a complex in which I own two townhouse condos is asking for the following payments: $50/condo fee for being an absentee landlord; and a deposit equivalent to one month`s rent for each condo. I`m not entirely sure what the latter charge is for since I have received nothing in writing from this woman, nor have I spoken with her directly.
I have never heard of such fees, nor have several of my Ontario colleagues who also buy condos in Edmonton. My questions are: 1. Are these fees legitimate? 2. Has anyone else heard of such fees? 3. Should there be some mention of such charges in the condo board documents? 4. Can a condo board simply levy fees like these at will, as it were?
This would mean writing a cheque for roughly $2600 so it`s a fair chunk of change, hence my digging into the legitimacy of these fees. Any help or suggestions you could provide would be much appreciated.
Many thanks in advance.
Doris of Ottawa
I`ve just received a call from my property manager in Edmonton (I live in Ottawa) telling me that the woman who runs the condo board for a complex in which I own two townhouse condos is asking for the following payments: $50/condo fee for being an absentee landlord; and a deposit equivalent to one month`s rent for each condo. I`m not entirely sure what the latter charge is for since I have received nothing in writing from this woman, nor have I spoken with her directly.
I have never heard of such fees, nor have several of my Ontario colleagues who also buy condos in Edmonton. My questions are: 1. Are these fees legitimate? 2. Has anyone else heard of such fees? 3. Should there be some mention of such charges in the condo board documents? 4. Can a condo board simply levy fees like these at will, as it were?
This would mean writing a cheque for roughly $2600 so it`s a fair chunk of change, hence my digging into the legitimacy of these fees. Any help or suggestions you could provide would be much appreciated.
Many thanks in advance.
Doris of Ottawa